About Corning Incorporated
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide over 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Display Technologies segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. It manufactures and processes products at approximately 90 plants in approximately 20 countries. Corning offers its products under the trademarks, including Corning, Celcor, ClearCurve, DuraTrap, Eagle XG, Epic, Gorilla, HPFS, Pyrex, Steuben, Falcon, SMF-28e and Willow.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Diversified Electronics
- Sub-Industry: Electronic Components
- Exchange: NYSE
- Symbol: GLW
- CUSIP: 21935010
- Previous Close: $27.41
- 50 Day Moving Average: $26.0621
- 200 Day Moving Average: $24.0762
- 52-Week Range: $18.16 - $27.89
- Trailing P/E Ratio: 8.5139
- Foreward P/E Ratio: 15.49
- P/E Growth: 1.8500
- Market Cap: $25.52B
- Outstanding Shares: 928,093,000
- Beta: 1.36
- Net Margins: 39.35%
- Return on Equity: 10.90%
- Return on Assets: 6.07%
Companies Related to Corning Incorporated:
- Debt-to-Equity Ratio: 0.23%
- Current Ratio: 3.29%
- Quick Ratio: 2.75%
What is Corning Incorporated's stock symbol?
Corning Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."
How often does Corning Incorporated pay dividends? What is the dividend yield for Corning Incorporated?
Corning Incorporated announced a quarterly dividend on Wednesday, February 1st. Investors of record on Tuesday, February 28th will be paid a dividend of $0.155 per share on Friday, March 31st. This represents a $0.62 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, February 24th. This is an increase from Corning Incorporated's previous quarterly dividend of $0.14.
Where is Corning Incorporated's stock going? Where will Corning Incorporated's stock price be in 2017?
15 analysts have issued 1-year price objectives for Corning Incorporated's shares. Their forecasts range from $14.50 to $31.00. On average, they expect Corning Incorporated's share price to reach $25.05 in the next twelve months.
When will Corning Incorporated announce their earnings?
Corning Incorporated is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.
What are analysts saying about Corning Incorporated stock?
Here are some recent quotes from research analysts about Corning Incorporated stock:
According to Zacks Investment Research, "Corning reported impressive fourth-quarter results, with both earnings and revenues beating estimates. Management anticipates year-over-year improvement in net sales, net income and earnings per share in the first-quarter of 2017. Corning remains focused on expanding its footprint in the automotive market driven by gas particulate filters (GPFs) and a Gorilla-sized automotive glass business. Further, aggressive share buyback in accordance with the strategy & capital allocation framework will also boost bottom line growth. We note that the company has outperformed the broader market over the last 12 months. However, weakness in the Display segment and sluggish demand for heavy duty diesel products are headwinds. Additionally, declining smartphone unit growth will hurt revenue per phone, which is a concern. These headwinds can drag down returns in full-year 2017." (1/26/2017)
- Susquehanna Bancshares Inc analysts commented, "We are increasing our estimates post GLW earnings report and guide, and remain above consensus. The key catalyst for the stock is the company's execution on commercializing the use of Gorilla for auto, both exterior and interior application. We are increasing our price target multiple given this milestone." (1/25/2017)
- Jefferies Group LLC analysts commented, "Corning posted better-than-expected Q4 results. At current valuations, we continue to believe that the risk/reward in the shares is balanced. Optionality associated with auto glass, pharma glass, and GPFs should take longer to materialize in the company's financials." (1/25/2017)
Drexel Hamilton analysts commented, "We believe 4Q:16 will prove to be the peak in Corning’s EPS and operating profit cycle, while we estimate the sales cycle will peak in 1Q:17. Trading at over 15x (vs." (1/24/2017)
Who owns Corning Incorporated stock?
Corning Incorporated's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.62%), Hotchkis & Wiley Capital Management LLC (3.04%), Dimensional Fund Advisors LP (0.85%), TCW Group Inc. (0.65%), Kiltearn Partners LLP (0.63%) and Bessemer Group Inc. (0.61%). Company insiders that own Corning Incorporated stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, James B Flaws, James P Clappin, Jeffrey W Evenson, Kirk P Gregg, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr, Robert Hinchcliffe and Wendell P Weeks.
Who sold Corning Incorporated stock? Who is selling Corning Incorporated stock?
Corning Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Hotchkis & Wiley Capital Management LLC, Kiltearn Partners LLP, Prudential PLC, State Street Corp, FMR LLC, Teachers Retirement System of The State of Kentucky and O Shaughnessy Asset Management LLC. Company insiders that have sold Corning Incorporated stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, James P Clappin, Kirk P Gregg, Lawrence D Mcrae, Lisa Ferrero, Mark S Rogus, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr and Wendell P Weeks.
Who bought Corning Incorporated stock? Who is buying Corning Incorporated stock?
Corning Incorporated's stock was bought by a variety of institutional investors in the last quarter, including DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Janus Capital Management LLC, Asset Management One Co. Ltd., AQR Capital Management LLC, Guggenheim Capital LLC, Russell Investments Group Ltd., Aberdeen Asset Management PLC UK and Artemis Investment Management LLP. Company insiders that have bought Corning Incorporated stock in the last two years include Martin J Curran and Robert Hinchcliffe.
How do I buy Corning Incorporated stock?
Shares of Corning Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Corning Incorporated stock cost?
One share of Corning Incorporated stock can currently be purchased for approximately $27.73.